Page 95 - AAE PR REPORT - APRIL 2025

4/11/25, 9:37 AM Al Ansari completes acquisition of BFC Group with $200 million deal

With an expanded footprint and reinforced digital capabilities, AAFS is poised to
drive sustainable growth across key markets, exploring new partnerships and
innovation opportunities in major remittance corridors, Al Ansari said.

AAFS, known for its digital leadership in financial services, plans to extend its
award-winning digital solutions — including its AI-driven platforms for efficiency
and fraud prevention — to BFC’s operations. This integration is expected to
reinforce AAFS’s dominance as a digital-first NBFI while unlocking new revenue
streams and improving profitability.
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Financially, the deal is immediately earnings-accretive, with projections indicating
a 20 per cent rise in operating income, a 13 per cent increase in Ebitda and a
similar growth in net Profit after tax. The strengthened cash flow is also
Profit
expected to enhance dividend potential for investors.
Market
Strategically, the acquisition bolsters AAFS’s Market leadership in
remittances and foreign exchange, securing the top position in Bahrain, the third
spot in Kuwait, and a broader foothold in India. The combined entity aims to
leverage operational synergies, cost efficiencies, and BFC’s fintech expertise to
accelerate growth.

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